China's imports of yield surged in March. The fresh research journal by JP Morgan Chase said that in March the Chinese port throughput growth of 2% (in January and February for a fall of 5%), being rewarded from the iron ore, crude oil, coal and other raw materials, the enhance in imports.
JPMorgan Chase Bank, Managing Director of Li Jing, said yesterday that, despite the rise in imports, to a certain extent is subject to stimulate the economic stimulus plan, but improving domestic fundamentals, indicating that final demand will likely catch up with the rest of 2009.
Coal
Or the first time this year to become a net importer of
Coal in China coal trades in March over the identical time span an boost of 36.2% to 5,720,000 tons, in alignment to record the largest grade in more than trades in February expanded 17.2 percent. The first quarter snare trades of coal amounted to 6.22 million tons, comprising a year-on-year boost of almost 5 times.
The rapid increase in coal imports due to several major power producers in China to Vietnam, Indonesia, Russia and Australia to increase procurement suppliers. In addition, domestic demand is also affected by increased imports to improve the promotion of China's electricity consumption in March fell 2.01 percent decline in February than 1 has been narrowed to 5.2%.
JP Morgan believes that the chance of sluggish global appeal, the coal import growth method that China may be the first time in 2009 to become a net importer of coal.
Iron ore
The next couple of months of trades may down turn
China's metal ore trades in March come to a record 52.1 million tons, in outlook of the latest flaw in the household iron alloy charges, which are oddly high grade of trade data. The first quarter of 2009, China imported 132 million tons of metal ore, and the year 2008 only 444 million tons of imports.
According to the Chinese questioning stringent Mysteel analysis of the import record by the innovation of this year in lead to promote small-scale metallic mills, after metallic prices are subject to the government's fiscal stimulus plan will strengthen the appeal is in all prospect to reach to transfer higher the boost.
At present, the Chinese port iron ore stocks to 68.6 million tons. Taking into account the domestic steel prices have been hovering in the low, Mysteel analysts expect iron ore imports in the next few months may be deteriorating.
Oil
With the anticipated future demand for financial recovery
In addition to coal and iron ore, the freight rates and import prices by the decline in influence, the Government reserves of oil, copper, as well as limited domestic supply of other commodities.
By the Government to boost the strategic oil reserves and demand, China's crude oil trades in March strike a new 12-month high of 16.34 million tons, an 33 per hundred lift in February. Early February, the National Energy Board broadcast that by 2011 China will be eight new strategic petroleum book groundwork, the capability of China's crude oil reserves expanded to 2.81 million barrels, nearly 3 times the original. Country's supreme aim is to rendezvous the 90 ~ 100 days of household demand.
Li Jing, China's oil appeal is in all prospect as the future of a forceful recoil in fiscal growth. Although appeal for passenger cars accounted for simply a small proportion of China's oil consumption, but forceful growth in sales of motor motor vehicles on the appeal for oil is a good news.
Jing stressed the importance of Chinese manufacturers and the National Stock Reserve added reserves to increase the impact of the global price of copper in China in March has not been processed and semi-processed copper imports reached 374,957 tons (up from a record created in February to raise 14%) after , copper prices hit a new high of 6 months. - 20760
JPMorgan Chase Bank, Managing Director of Li Jing, said yesterday that, despite the rise in imports, to a certain extent is subject to stimulate the economic stimulus plan, but improving domestic fundamentals, indicating that final demand will likely catch up with the rest of 2009.
Coal
Or the first time this year to become a net importer of
Coal in China coal trades in March over the identical time span an boost of 36.2% to 5,720,000 tons, in alignment to record the largest grade in more than trades in February expanded 17.2 percent. The first quarter snare trades of coal amounted to 6.22 million tons, comprising a year-on-year boost of almost 5 times.
The rapid increase in coal imports due to several major power producers in China to Vietnam, Indonesia, Russia and Australia to increase procurement suppliers. In addition, domestic demand is also affected by increased imports to improve the promotion of China's electricity consumption in March fell 2.01 percent decline in February than 1 has been narrowed to 5.2%.
JP Morgan believes that the chance of sluggish global appeal, the coal import growth method that China may be the first time in 2009 to become a net importer of coal.
Iron ore
The next couple of months of trades may down turn
China's metal ore trades in March come to a record 52.1 million tons, in outlook of the latest flaw in the household iron alloy charges, which are oddly high grade of trade data. The first quarter of 2009, China imported 132 million tons of metal ore, and the year 2008 only 444 million tons of imports.
According to the Chinese questioning stringent Mysteel analysis of the import record by the innovation of this year in lead to promote small-scale metallic mills, after metallic prices are subject to the government's fiscal stimulus plan will strengthen the appeal is in all prospect to reach to transfer higher the boost.
At present, the Chinese port iron ore stocks to 68.6 million tons. Taking into account the domestic steel prices have been hovering in the low, Mysteel analysts expect iron ore imports in the next few months may be deteriorating.
Oil
With the anticipated future demand for financial recovery
In addition to coal and iron ore, the freight rates and import prices by the decline in influence, the Government reserves of oil, copper, as well as limited domestic supply of other commodities.
By the Government to boost the strategic oil reserves and demand, China's crude oil trades in March strike a new 12-month high of 16.34 million tons, an 33 per hundred lift in February. Early February, the National Energy Board broadcast that by 2011 China will be eight new strategic petroleum book groundwork, the capability of China's crude oil reserves expanded to 2.81 million barrels, nearly 3 times the original. Country's supreme aim is to rendezvous the 90 ~ 100 days of household demand.
Li Jing, China's oil appeal is in all prospect as the future of a forceful recoil in fiscal growth. Although appeal for passenger cars accounted for simply a small proportion of China's oil consumption, but forceful growth in sales of motor motor vehicles on the appeal for oil is a good news.
Jing stressed the importance of Chinese manufacturers and the National Stock Reserve added reserves to increase the impact of the global price of copper in China in March has not been processed and semi-processed copper imports reached 374,957 tons (up from a record created in February to raise 14%) after , copper prices hit a new high of 6 months. - 20760